Tesla (TSLA) is expected to report quarterly earnings of $0.40 per share, a 23.1% decrease from last year. Revenues are forecasted to be $22.48 billion, an 11.9% drop. Analysts have adjusted EPS estimates downward by 3.9% in the past month, reflecting a reassessment of projections.

Before a company’s earnings announcement, changes in estimates are crucial for predicting investor reactions. There is a strong correlation between earnings estimate revisions and short-term stock performance. By examining analysts’ predictions for key Tesla metrics, a more comprehensive view can be obtained.

Analysts predict revenue from automotive sales to be $16.43 billion, a decrease of 11.3% year-over-year. Revenue from energy generation and storage is estimated at $3.38 billion, a 12.1% increase. Revenue from services and other is expected to reach $2.92 billion, an 11.9% rise.

Analysts project revenue from automotive regulatory credits to be $588.49 million, a 33.9% decrease. Revenue from automotive leasing is estimated at $437.97 million, a 4.4% drop. Geographic revenues from the United States are forecasted to be $11.93 billion, a 10% decline.

Analysts anticipate revenues from other international markets to reach $7.40 billion, a 2.7% decrease. Revenue from China is projected to be $5.09 billion, a 9.7% increase. Total vehicle deliveries are estimated at 383,180, with other models deliveries at 15,964, and Model 3/Y deliveries at 370,703.

Storage deployed is expected to reach 10655 megawatt hours. Tesla’s stock has shown a -0.8% return over the past month, while Zacks S&P 500 composite saw a +5.4% change. With a Zacks Rank #4 (Sell), TSLA is expected to underperform the market in the near future.

Read more at Nasdaq: Curious about Tesla (TSLA) Q2 Performance? Explore Wall Street Estimates for Key Metrics